Ray Dalio, the founder of Bridgewater, the world’s largest hedge fund, believes that with the depreciation of the U.S. dollar, the Chinese market is becoming a more competitive place for foreign investment.
The US billionaire said at the Caixin Summit on Saturday that the global market is currently “Very special moment” in “challenging” The dollar environment and rising interest in China. He explained that the fast-growing Chinese capital markets are opening up, but despite their attractiveness, they are still not crowded by foreign investors.
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“This happens when the fundamentals of the U.S. dollar and the U.S. dollar become more challenging, making it a relatively competitive place for capital transfers,” Bloomberg reported that he said at the summit.
The dollar fell on the last trading day of the week. The US dollar index, which tracks its performance relative to a basket of peers, fell more than 0.2% to close at 92.72.
Many investors, hedge fund managers and banks have previously warned that the dollar may be depreciating.One of the most pessimistic predictions is the prediction of the famous economist Stephen Roach (Stephen Roach) that the collapse of the dollar may “Fast speed“And by the end of next year, the dollar may lose as much as 35%.
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